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UiPath is the first Romanian “tech unicorn”

UiPath specializes in developing virtual robots based on artificial intelligence that carry out repetitive tasks in various business sectors

  • March 13, 2018 16:30
  • Author Olya Georgieva
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Source: Pixabay

UiPat is a tech startup founded in Bucharest by the Romanians entrepreneurs Daniel Dines and Marius Tirca. It specializes in developing virtual robots (digital workers) based on artificial intelligence that carry out repetitive tasks in various business sectors. UiPath is the first Romanian “tech unicorn”. The term refers to a company that has been valued at more than 1 billion US dollars.

The company now employs more than 590 people in 14 countries. UiPath plans to continue the expansion of its global operations with new offices in Amsterdam, Houston, Munich, Paris, Seoul and Washington D.C. Throughout 2017, the customer base grew from less than 100 customers to more than 700, resulting in an eight times growth in annual recurring revenue. New customers include BMW Group, Dairy Farm Group, Dentsu Inc., Huawei, and Sumitomo Mitsui Financial Group.

Source: Romania Insider



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